SOL Global announces US$6.5 million investment in CannCure

1 minute read
17 July 2019

On July 17, 2019, SOL Global Investments Corp. (CSE: SOL (OTCPK: SOLCF) ) (Frankfurt: 9SB) announced a US$6.5 million capital infusion in its portfolio company CannCure Investments Inc., as a result of which SOL Global's current ownership has increased to 97.8%.

CannCure is a majority-owned subsidiary of SOL Global that indirectly holds 100% of 3 Boys Farms, LLC, a Florida limited liability company with a Florida state license to cultivate, process and dispense medical marijuana and other diversified cannabis assets in various stages of investment.

SOL Global is an international investment company with a focus on, but not limited to, cannabis and cannabis related companies in legal U.S. states, the hemp and CBD marketplaces and the emerging European cannabis and hemp marketplaces.

Gowling WLG advised SOL Global in this acquisition with a team that included Peter Simeon, Josh Almario and Amanda Stevens.

NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.